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IMF exec board endorses crypto policy framework, including no crypto as legal tender

The executive board of the International Monetary Fund (IMF) has assessed a paper on crypto asset policy published by the fund and expressed its agreement with its proposed policy framework. The paper, titled “Elements of Effective Policies for Crypto Assets,” developed a framework of nine policy principles that addressed macrofinancial, legal

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Enterprise blockchain is transforming business operations and reducing costs: Web3 exec

Blockchain technology is often a valuable tool in solving various business challenges due to its ability to create secure, trusted, and transparent data sources and has gained traction across industries as businesses seek efficiency and cost reductions.Daniela Barbosa, the Executive Director at the open-source blockchain development firm the Hyperledger Foundation,

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Carbon market gets a much-needed boost from blockchain technology: Web3 exec

Automated systems and blockchain technology are being increasingly utilized to improve the efficiency and accuracy of the carbon market, a critical component in the fight against climate change.  Cryptox spoke to Bill Kentrup about the role of blockchain technology in digitizing verifiable data in the carbon market. Kentrup is the head

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Former FTX exec will plead guilty to federal charges with a deal: Report

Nishad Singh, the co-founder and former chief engineer of bankrupt crypto exchange FTX, is working on a plea deal with prosecutors, Bloomberg reported on Feb. 17. The deal, which would see the 27-year-old Singh plead guilty to charges related to FTX’s collapse, has yet to be finalized, the report said.Singh would

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DeFi platforms can comply with regulations without compromising privacy — Web3 exec

Decentralized finance (DeFi) has been a rapidly growing sector of the cryptocurrency industry, but it has also faced significant regulatory challenges. With regulators struggling to keep up with the pace of innovation, the lack of clarity around regulations tends to create uncertainty for DeFi projects.Cryptox spoke to Alastair Johnson about

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Charity tied to former FTX exec made $150M from insider trading: Report

Polaris Ventures, a charity created by former FTX and Alameda chief of staff Ruairi Donnelly, reportedly wants to access roughly $150 million earned from insider trading on the bankrupt exchange’s tokens.According to a Feb. 14 Wall Street Journal report, Donnelly received roughly $562,000 in salary during his time at FTX,

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Bitcoin NFTs cause spicy fees, Mastercard exec tokenizes resignation letter and more

Bitcoin Ordinals causes fees to spikeThe Bitcoin (BTC)-native Ordinals protocol is taking up record-breaking space on the blockchain and in the process is hiking the transaction fees on the network.The divisive newly launched protocol allows for nonfungible token (NFT)-esque assets on the Bitcoin mainnet by inscribing satoshis with content.So far,

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